IDEAS home Printed from https://ideas.repec.org/p/iim/iimawp/9940.html
   My bibliography  Save this paper

International Migration, Remittances and its Macroeconomic Impact on Indian Economy

Author

Listed:
  • Singh, Sunny Kumar
  • Hari, K.S.

Abstract

This paper tried to study the impact of remittances on various macroeconomic and developmental aspects for the Indian economy. For this, the data regarding remittances and some of the macroeconomic variables like GDP, PFCE, GDFC, savings, FDI, FII, export, import and balance of trade deficit etc have been analyzed for the period 1971-2008. The study shows that remittances have been consistently increasing at very fast rate for the last 15 years which have significant implications on the above mentioned macroeconomic variables. Through this study, the importance of remittances as a source of external development finance has been discussed. At last, some of the regulatory frameworks governing the flow of remittances have also been discussed.

Suggested Citation

  • Singh, Sunny Kumar & Hari, K.S., 2011. "International Migration, Remittances and its Macroeconomic Impact on Indian Economy," IIMA Working Papers WP2011-01-06, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:9940
    as

    Download full text from publisher

    File URL: https://www.iima.ac.in/sites/default/files/rnpfiles/2011-01-06Sunny.pdf
    File Function: English Version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Desai, Mihir A. & Kapur, Devesh & McHale, John & Rogers, Keith, 2009. "The fiscal impact of high-skilled emigration: Flows of Indians to the U.S," Journal of Development Economics, Elsevier, vol. 88(1), pages 32-44, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. P. Jijin & Alok Kumar Mishra & M. Nithin, 2022. "Macroeconomic determinants of remittances to India," Economic Change and Restructuring, Springer, vol. 55(2), pages 1229-1248, May.
    2. Roy, Arup, 2023. "Nexus between economic growth, external debt, oil price, and remittances in India: New insight from novel DARDL simulations," Resources Policy, Elsevier, vol. 83(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Clemens, Michael A., 2009. "Skill Flow: A Fundamental Reconsideration of Skilled-Worker Mobility and Development," MPRA Paper 19186, University Library of Munich, Germany.
    2. Gavin George & Bruce Rhodes, 2020. "The Economics of Teaching in India Versus Teaching Aboard: Teacher Salary Differentials Using Purchasing Power Parity (PPP)," Journal of International Migration and Integration, Springer, vol. 21(2), pages 551-561, June.
    3. Bertoli, Simone & Brücker, Herbert, 2011. "Selective immigration policies, migrants' education and welfare at origin," Economics Letters, Elsevier, vol. 113(1), pages 19-22, October.
    4. Thomas H.W. ZIESEMER, 2012. "Worker remittances and government behaviour in the receiving countries," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 3, pages 37-59, December.
    5. Frédéric Docquier & Hillel Rapoport, 2012. "Globalization, Brain Drain, and Development," Journal of Economic Literature, American Economic Association, vol. 50(3), pages 681-730, September.
    6. Narcisse Cha'Ngom & Christoph Deuster & Frédéric Docquier & Joël Machado, 2023. "Selective Migration and Economic Development: A Generalized Approach," LISER Working Paper Series 2023-06, Luxembourg Institute of Socio-Economic Research (LISER).
    7. Bandeira, Guilherme & Caballé, Jordi & Vella, Eugenia, 2022. "Emigration and fiscal austerity in a depression," Journal of Economic Dynamics and Control, Elsevier, vol. 144(C).
    8. Lo Sasso, Anthony T., 2021. "Regulating high-skilled immigration: The market for medical residents," Journal of Health Economics, Elsevier, vol. 76(C).
    9. ., 2012. "Migration impact assessment: a state of the art," Chapters, in: Peter Nijkamp & Jacques Poot & Mediha Sahin (ed.), Migration Impact Assessment, chapter 1, pages 3-62, Edward Elgar Publishing.
    10. Tanaka, Ryuichi & Farre, Lidia & Ortega, Francesc, 2018. "Immigration, assimilation, and the future of public education," European Journal of Political Economy, Elsevier, vol. 52(C), pages 141-165.
    11. Issifou, Ismael, 2017. "Can migration reduce civil conflicts as an antidote to rent-seeking?," Economic Systems, Elsevier, vol. 41(3), pages 333-353.
    12. Docquier Frédéric & Rapoport Hillel, 2009. "Documenting the Brain Drain of “La Crème de la Crème”: Three Case-Studies on International Migration at the Upper Tail of the Education Distribution," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 229(6), pages 679-705, December.
    13. Wilson, John Douglas, 2008. "A voluntary brain-drain tax," Journal of Public Economics, Elsevier, vol. 92(12), pages 2385-2391, December.
    14. Gordon H. Hanson, 2009. "The Economic Consequences of the International Migration of Labor," Annual Review of Economics, Annual Reviews, vol. 1(1), pages 179-208, May.
    15. John Gibson & David McKenzie, 2011. "Eight Questions about Brain Drain," Journal of Economic Perspectives, American Economic Association, vol. 25(3), pages 107-128, Summer.
    16. Guilherme Bandeira & Jordi Caballe & Eugenia Vella, 2020. "Emigration and Fiscal Austerity in a Depression," DEOS Working Papers 2035, Athens University of Economics and Business.
    17. Ted Davis & David M. Hart, 2010. "International Cooperation to Manage High‐Skill Migration: The Case of India–U.S. Relations," Review of Policy Research, Policy Studies Organization, vol. 27(4), pages 509-526, July.
    18. Yuanyuan Gu & Jhorland Ayala-García, 2022. "Emigration and Tax Revenue," Documentos de Trabajo Sobre Economía Regional y Urbana 20297, Banco de la República, Economía Regional.
    19. Hatton, Timothy J., 2014. "The economics of international migration: A short history of the debate," Labour Economics, Elsevier, vol. 30(C), pages 43-50.
    20. Kochhar, Kalpana & Kumar, Utsav & Rajan, Raghuram & Subramanian, Arvind & Tokatlidis, Ioannis, 2006. "India's pattern of development: What happened, what follows?," Journal of Monetary Economics, Elsevier, vol. 53(5), pages 981-1019, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iim:iimawp:9940. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/eciimin.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.